Preparing a statement of owner's equity and a balance sheet BALANCE SHEET ACCOUNT TITLE DEBIT CREDIT 2 Cash Petty Cash Accounts ReceivableSunshine Caf Accounts Receivable-Dependable Cleaners Supplies Prepaid Insurance Accounts Payable-Computer Supplies Co. Accounts Payable-Westside Supplies Eva Nelsen, Capital 1. Eva Nelsen, Drawing 265000 20 000 25000 1 3000 35000 29000 3 40100 1 2000 3 95 000 8 9 ) 10 15/0/0/00 20 22 537 000 441 00020 21 Net Income 916 01002 537000 537000 32 On your own 7-2 Preparing a statement of owner's equity and a balance sheet A partial work sheet of A-1 Computer Repair for the month ended October 31 of the current year is given in the Working Papers. Also given is a blank form for completing a balance sheet. Work this problem independently. 1. Prepare a statement of owner's equity for the month ended October 31 of the current year. 2. Prepare a balance sheet for October 31 of the current year